Senior Managers and Approved Persons - the Role of HR - 17/01/2018
The Training Environment For Financial Services

Senior Managers and Approved Persons - the Role of HR

17 Jan 2018, London

9:30am to 4:30pm

Outline & Objectives

This focused and concise workshop is specifically designed to help HR specialists keep up to date and refresh their understanding of the regulatory expectations and responsibilities relating to their role, particularly with regard to Approved Persons and the new requirements for Senior Managers and Certification.

This course is designed for delegates from both PRA regulated firms, who are already subject to the new SMR and Certification or SIMR requirements, and firms regulated solely by the FCA, who will face similar obligations shortly.

Attending will help you:

  • Keep up to date with the latest regulatory developments and priorities and the implications for HR
  • Examine the impact of regulatory requirements on HR activities from recruitment to CPD
  • Identify HR responsibilities in key areas of regulation such as Fitness & Propriety, Senior Management Systems and Controls, Ongoing Competence and Certification
  • Understand what the regulators expect of Senior Management Function holders and the HR processes and interventions needed to support them
  • Establish key HR risks, controls and indicators in respect of regulatory requirements

Who will benefit?

Anyone responsible for key HR activities within a financial services organisation, including: Talent Management, Employee Benefits, Recruitment, Training, L&D, Organisational Development, Administration and Record Keeping.  The course is also valuable for individuals in Risk, Compliance and Audit with responsibilities for monitoring HR activities.

Training Approach

This course will combine lecture style presentations with practical examples and exercises. Delegate numbers will be limited to ensure a high quality learning environment.

Course Leader

Charles Cattell is a training and compliance professional with over 25 years experience across the financial services industry.  He advises and trains a broad range of firms including banks, asset managers, insurers and intermediaries on the human aspects of regulation including the management of people risk, the development of competence and expertise, ethical business practices and the enhancement of corporate culture.  He also works extensively with trade associations and examining bodies Financial Services Authority and the Pensions Regulator on policy and benchmarking activities.  During his career Charles has run a College of Insurance, an insurance trade association and has worked at senior levels in asset management and management development consulting.

Course Programme

Session Content
Development of the FCA Rules governing People
  • How the rules apply to different roles
  • Regulation versus employment law
  • Regulatory grip over people
  • Regulatory approach to supervision
  • Implications of enforcement
Senior Management Arrangements, Systems and Controls
  • Review of the contents of the SYSC Sourcebook 
  • Identification of key controls operated by HR
  • The importance of role profiles and reporting lines
  • Record keeping
Approved Persons
  • APER Principles and Code
  • FCA’s regulatory stance
Senior Managers and the Certification Regime
  • Elements of the regime
  • Senior management responsibilities (including HR and culture)
  • Operating the certification process
  • Oversight by senior management
  • The Conduct Rules and Code
Recruitment, Fitness and Propriety
  • Ensuring suitability and competence
  • Identifying risks and risk controls
  • The contents of the FIT Sourcebook
  • The role of HR as the overseer of Fitness and Propriety
  • Regulatory references
  • Regulatory approval and the interview process
  • What happens when the F&P of an individual is in doubt?
Achieving, assessing and maintaining Competence
  • The key elements of a T&C regime for Approved Persons
  • How T&C regulations apply to senior Approved Persons
  • Setting competence standards
  • Record keeping requirements
  • Evidencing initial competence
  • Performance management and CPD
HR Practice, Risks and Controls
  • Amending contracts and policies
  • References
  • Performance management
  • Reporting to and supporting senior management
  • Remuneration
  • Exits and settlement agreements
  • Discipline and regulatory notifications
  • Whistleblowing
  • Record keeping
HR – the bigger Picture
  • HR as a risk management function
  • Identifying people risks
  • Culture and conduct
  • Overseeing and reporting on people risks and culture


This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.

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